Wednesday, September 9, 2015

Close on the heels of the financial crisis of 2007-08,
John Maynard Keynes has been rediscovered and reinvented;
I feel vindicated, amply rewarded and greatly honoured for
My admiration for Keynes for long even while the
Mainstream economics, market economics led by
Rational expectation fame Robert Lucas and others
Discredited Keynes and Keynesian economics and
Calling them as interesting fairy tales and treating them
As a matter of no consequence or significance on
Both theoretical side  and practical plane.

Like an ordinary devotee elevated to an exalted status
And an affectionate mother taken care of by his son,
I feel vindicated by my infatuation with Keynes.
My illiteracy of econometrics and my critical inability
To get attracted by the mathematization of the subject

Have all proved to be a blessing in disguise.

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